CEO Water Mandate Convenes Inaugural Working Conference

(New York, 7 March 2008) - On 5-6 March, the United Nations Global Compact,
in partnership with the Pacific Institute, convened the inaugural working conference of The CEO
Water Mandate.The conference, held at UN Headquarters in New York, brought together senior
representatives from numerous corporations, as well as policy leaders from civil society
organizations, UN agencies as well as specialized water institutes.

Companies represented included Nestle (Switzerland), The Coca-Cola
Company (US), Hayleys (Sri Lanka), SABMiller (South Africa) and Suez (France). Non-business
participants included WWF, Plan Malawi, Nature Conservancy as well as UNICEF, UNDP, UNEP, UNESCO,
and UN OHCHR. Other organizations attending included the World Economic Forum and Business for
Social Responsibility.

Participants engaged in the sharing of best and emerging pratices related to
direct operations, supply chain management, watershed protection, transparency, public policy,
community engagement, and collective action.These areas constitute the major elements of The CEO Water Mandate, launched by
the UN Secretary-General in July 2007 to engage companies on the emerging crisis in fresh water
availability and sanitation.

The chief executive officers of approximately 20 companies have endorsed The CEO
Water Mandate and its strategic management framework and call-to-action.

In a study released at the conference, the Pacific Institute noted: "In light of
the immense scale of the global water challenge and significant percentage of private sector firms
that remain unaware of the breadth and depth of the problem, this CEO-driven initiative makes a
needed, complementary, and unique contribution".

A summary of the meeting will be posted on the UN Global Compact website in
early April.